Nasdaq and S&P 500 Hit Record Highs

The main indices of the New York Stock Exchange (NYSE) opened the week on a positive note, with the Nasdaq and the S&P 500 indices hitting new record highs in early Monday trade before easing, as Wall Street investors are focusing on financial results and economic data.

Markets anticipate the earnings reports for major listed companies, as well as inflation and retail sales data in the U.S., as well as developments in the tone of the Federal Reserve, as the Chair Jerome Powell is set to testify before Congress.

Concerns about economic recovery and the coronavirus pandemic with the spread of the Delta variant continue to weigh on investors’ sentiment.

The Dow Jones Industrial Average is up by about 0.25%, the S&P 500 is up by 0.10%, while the Nasdaq Composite inched down 0.14%.